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Sep 28, 2012
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> here's what to watch for in the energy markets in the quarter ahead. currency fluctuations, namely a weaker dollar and a stronger euro due to further monetary easing from central banks around the globe could certainly support oil and other commodities. but economic data that shows a weaken
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] governor of getting it done. you know...
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Sep 6, 2012
09/12
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it could be him saying i don't want to get involved with the cities and states and don't want to essentially pay for it in the side. >> you are still not on that side. >> i am still not on that side. >> because? >> because i have seen that many major municipalities, states, cities have done what it takes to make sure that their budgets are balanced, they've sat down with pensions, they've cut spending, they've continued to pay their bonds and as much as the economy still has room to grow as we all know, state tax receipts have continued to increase. >> taxes, could have a huge impact on the future of munis, and they may not actually be, may actually -- >> they left their benchmark unchanged at 0.75%. deposit facility also unchanged at zero. there was not really serious talk and that was one of the things discussed at jackson hole. >> we're not going to hear anything more on the sovereign bond buying program until 8:30, is that the expectation in. >> that's right. it will come out we believe in a statement, they haven't announced these nonstandard unconventional measures in the policy rate an
it could be him saying i don't want to get involved with the cities and states and don't want to essentially pay for it in the side. >> you are still not on that side. >> i am still not on that side. >> because? >> because i have seen that many major municipalities, states, cities have done what it takes to make sure that their budgets are balanced, they've sat down with pensions, they've cut spending, they've continued to pay their bonds and as much as the economy still...
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Sep 14, 2012
09/12
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see the full list of the best and worst cities for travel taxes at road warrior.cnbc.com up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for the achiever in you. trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. . >>> welcome back to squawk box here on cnbc. our custom stupid song for ben bernanke. i'm joe kernen along with becky quick and andrew ros
see the full list of the best and worst cities for travel taxes at road warrior.cnbc.com up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. and those well grounded. for what's around...
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Sep 28, 2012
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information when it comes to us. >>> and the los angeles city council will be voting today on a deal that would build a new 72,000-seat sports stadium downtown, that's why you're hearing the music. supporters are hoping a new stadium would attract an nfl team. los angeles, of course, had two nfl teams until 1994 when the rams moved to st. louis and the raiders returned to their original home in oakland, joe? >> yes, yes, that's true. >>> okay, let's get a read, andrew, on america's economic situation and whether we could see on the horizon another recession. joining us is james poterba president of the national bureau of economic research as well as an economics professor of economics at m.i.t. where are you coming from today? are you near kendall square, jim, or somewhere else? >> i'm on the m.i.t. campus close to the entrepreneurial hot spot of kendall square. >> next to the s&p diner. i know all the hot spots up there. here's where i want to start, we went 13 was the number on gdp. we had a gentleman that follows the transportation average which has been weak and he gave us a lot
information when it comes to us. >>> and the los angeles city council will be voting today on a deal that would build a new 72,000-seat sports stadium downtown, that's why you're hearing the music. supporters are hoping a new stadium would attract an nfl team. los angeles, of course, had two nfl teams until 1994 when the rams moved to st. louis and the raiders returned to their original home in oakland, joe? >> yes, yes, that's true. >>> okay, let's get a read, andrew,...
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Sep 26, 2012
09/12
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that red shaded area, including oklahoma city, back over towards louisville. could be looking at storms producing some damaging winds. heavy downpours as well. we can't rule out even a tornado. we saw one of those yesterday in illinois. the rainfall amounts, well, generally going to be in that one-inch range but there will be a few locations, southern plains and back into the ohio valley where we could see tw to foo to inches of rain. it's all thanks to this boundary. north of the boundary, keeping it cool. south of the boundary, that's where we are going to find some warmer numbers. talking upper 80 toss near 90. chicago, you'll be right around 67 degrees for the afternoon. heading on into thursday, more warmth from the carolinas back into the south. but north of our front, we'll keep things rather cool. guys, back to you. >> alex, thank you very much. trying to figure out exactly where that line goes through. i think it goes right through the middle of new jersey. >>> when we come back, we'll head to washington. president obama and mitt romney both storming
that red shaded area, including oklahoma city, back over towards louisville. could be looking at storms producing some damaging winds. heavy downpours as well. we can't rule out even a tornado. we saw one of those yesterday in illinois. the rainfall amounts, well, generally going to be in that one-inch range but there will be a few locations, southern plains and back into the ohio valley where we could see tw to foo to inches of rain. it's all thanks to this boundary. north of the boundary,...
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Sep 2, 2012
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one thing we're seeing is the reinvention of big cities, but the other is high tech. >> i think it is really interesting, for a long time it was about silicon valley in terms of entrepreneurs, now you see it in brooklyn and across the country. >> and it is still the number one place for start-up companies, silicon valley. but number two is new york, the number two place, twitter put its headquarters in san francisco. so i think you see this new shift. what i like about this, is it offers up the city as a place not only to solve technical problems. not only to do new software, but create business models. maybe when you have an interesting guy like mayor bloomberg, or a very good problem-solver like rahm emanuel, you could actually see this combination of technology and social media solving big urban problems. and for me, it seems like a big step for our country. >> i agree with you, a great story. thank you for joining us. >> thank you. >> you too, richard florida joining us. >>> up next, we'll take a look at the impact on your money, and why you may be driven to distraction if you're
one thing we're seeing is the reinvention of big cities, but the other is high tech. >> i think it is really interesting, for a long time it was about silicon valley in terms of entrepreneurs, now you see it in brooklyn and across the country. >> and it is still the number one place for start-up companies, silicon valley. but number two is new york, the number two place, twitter put its headquarters in san francisco. so i think you see this new shift. what i like about this, is it...
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Sep 10, 2012
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it's going to ruin the kids and bankrupt the city of chicago. it's a tragic story. >>> also tonight, is gm being zapped by the vault? new numbers say government motors is losing $49,000 per car. it sells them for 40 grand. by the way, toyotas are sold for 20 grand. of course americans are not buying the vault and it's sparking taxpayer outrage. who is to blame for this. presidential candidate mitt romney and barack obama have done a lot of talking these past two weeks at conventions and battleground states and making the rounds on the television news circuits. it's on specifics the candidates seem to come up short time and time again. john harwood has the full story. good evening. >> good evening, larry. one of the enduring frustrations of reporters and some voters is the inability to get candidates to specify their positions on some important issues. the reason why they don't do it is pretty simple, to maximize the number of people who agree with them and enemies they make. case in point, mitt romney on "meet the press," perfectly willing to ta
it's going to ruin the kids and bankrupt the city of chicago. it's a tragic story. >>> also tonight, is gm being zapped by the vault? new numbers say government motors is losing $49,000 per car. it sells them for 40 grand. by the way, toyotas are sold for 20 grand. of course americans are not buying the vault and it's sparking taxpayer outrage. who is to blame for this. presidential candidate mitt romney and barack obama have done a lot of talking these past two weeks at conventions...
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Sep 11, 2012
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here's the thing. the city captain even afford to fund the pension system. one of the problems this city faces even before they give anything to the teachers, they have hundreds of millions of dollars of pension payments upcoming. >> and property taxes go up, let me guess, just like wisconsin. and eventually bankrupt the whole city. >> last year, chicago residents got hit with the illinois 66% income tax increase. they are under siege. i would not buy into chicago. >> dan, i want to go back to the political question about "rambo" emanuel. he obviously is pro union, his boss, they will win illinois by 20 or 30 points but they pledge to help every union around the country. how will this work out? is rambo going to fold like a cheap suit or what? >> i'm not sure obama will win this state by that margin, i think it will be closer than people think. in terms of mayor emanuel, the teacher's union has already won but the question is margin of victory. steve mentioned $12,000 per pupil. it's actually $24,000 per high school graduate, which, remember, is the point of
here's the thing. the city captain even afford to fund the pension system. one of the problems this city faces even before they give anything to the teachers, they have hundreds of millions of dollars of pension payments upcoming. >> and property taxes go up, let me guess, just like wisconsin. and eventually bankrupt the whole city. >> last year, chicago residents got hit with the illinois 66% income tax increase. they are under siege. i would not buy into chicago. >> dan, i...
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Sep 23, 2012
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tuesday, case-shiller index gives us a window into home prices in 20 cities across the nation. the latest reading of consumer confidence will be out on tuesday. wednesday, new home sales from the last month. on thursday, the final reading of gross domestic product for the second quarter will be out. the gdp, of course, the broadest measure of the health of the u.s. economy and typically a market mover. that's the show for today. thanks so much for being with many me next week, former fdic chair sheila bair. each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you next weekend. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ extra curricular ac
tuesday, case-shiller index gives us a window into home prices in 20 cities across the nation. the latest reading of consumer confidence will be out on tuesday. wednesday, new home sales from the last month. on thursday, the final reading of gross domestic product for the second quarter will be out. the gdp, of course, the broadest measure of the health of the u.s. economy and typically a market mover. that's the show for today. thanks so much for being with many me next week, former fdic chair...
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Sep 28, 2012
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s stadium plans come as the city scrambles to fix a budget problem. this week, the l.a. city council unanimously approved deep pension roll backs. but is it enough, or is l.a., like many other u.s. cities, faced with a ticking financial time bomb? let's bring in the senior fellow at the manhattan institute. what do you reckon, steve? is it going to get worse? >> yes, because this pension fix is only for new workers. in other words, workers who haven't been actually hired yet. the estimate is it will save $30 million over five years. sound like a lot of money? well, l.a.'s pension payments are supposed to double to $1.2 billion over the next five years. so this is really just peanuts. this is a city which its own chief administrative officer issued a report in april saying it does face potentially insolvency in the next four or five years. >> we want a whole lot more than peanuts. how do we progress from here? what needs to happen, steve, to be able to avoid that worst-case scenario you just mentioned? >> the problem in a place like california in general is they've waited
s stadium plans come as the city scrambles to fix a budget problem. this week, the l.a. city council unanimously approved deep pension roll backs. but is it enough, or is l.a., like many other u.s. cities, faced with a ticking financial time bomb? let's bring in the senior fellow at the manhattan institute. what do you reckon, steve? is it going to get worse? >> yes, because this pension fix is only for new workers. in other words, workers who haven't been actually hired yet. the estimate...
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Sep 11, 2012
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couldn't run the city if i couldn't have evaluated the people that work for me. you want to run a school system where, i don't know, 70, 80% aren't at grade level in chicago. that's a disgrace. that's what they should be strike over. they should be striking over the fact those kids aren't getting a good education. >> they want the raise, but they also can't be fired. >> and their performance is disgraceful. 60, 70% can't do math, can't do english at grade level. they should be ashamed of themselves. >> you've endorsed mitt romney for president. >> i have. >> of course, his idea very clearly different than mr. obama's idea. a poll we've been mentioning today has the president now leading mitt romney on his dealings for the economy. i was actually very surprised at this because romney/ryan have put the economy and economic issues at the front burner. the president has the confidence. >> i think that's sort of an effect of the convention and the more favorable coverage he got for his convention than mitt romney. i think this is a neck and neck election. i really don
couldn't run the city if i couldn't have evaluated the people that work for me. you want to run a school system where, i don't know, 70, 80% aren't at grade level in chicago. that's a disgrace. that's what they should be strike over. they should be striking over the fact those kids aren't getting a good education. >> they want the raise, but they also can't be fired. >> and their performance is disgraceful. 60, 70% can't do math, can't do english at grade level. they should be...
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Sep 13, 2012
09/12
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[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> our next guest was mildly surprised he says about the fed's decision to launch qe3. the question is did they get it right. bob michael is the global chief investment officer for jpmorgan asset management's global fixed income and currency group. so why were you mildly surprised? what surprised you? >> i think the exclusive focus on mortgages was a pleasant surprise. i think beforehand there had been a lot of speculation they might either do nothing and just extend the language of when they would raise interest rates to 2015. >> what should we read into the fact that the purchases are going to exclusively be mortgages, not long term treasuries, not anything else, apparently? >> i think it speaks to two things. i think first of all ben bernanke has talked a lot about how important the housing recovery is to the u.s. and this clearly targets housing. i think there's also a nod to congress and the administration here. they've talk about housing so you have to accept the politics of it. >> who's go
[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> our next guest was mildly surprised he says about the fed's decision to launch qe3. the question is did they get it right. bob michael is the global chief investment officer for jpmorgan asset management's global fixed income and currency group. so why were you mildly surprised? what surprised you? >> i think the exclusive focus on mortgages was a pleasant surprise. i think beforehand...
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Sep 14, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> welcome back. mitt romney says fathead ben bernanke had no choice but to set sail on qe-3 because obama-nomics has been such a dismal failure. take a listen to romney. >> what bernanke is doing is saying what the president is saying is wrong. the president says the economy is making progress. bernanke is saying no it's not, i've got to print more money. >> i happen to think mitt romney's right, but with stocks soaring at a five-year high, and looked like they're headed higher, is this fed-driven stock market rally going to re-elect president obama despite the terrible economy? let's go to former pennsylvania governor ed rendell, former dnc chairman also, let's go to cnbc contributors jennifer rubin auth
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> welcome back. mitt romney says fathead ben bernanke had no choice but to set sail on qe-3 because obama-nomics...
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Sep 18, 2012
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we'll bring you the very latest from the windy city. >>> and cliff notes. the house ways and means committee tackles the fiscal cliff. can anything be resolved before election day? that's all coming up on the "closing bell." >>> big news out of a widely held stock. microsoft increasing its def dend by 15%. >> i guess is it not trading in the after hours? i would think that would push the stock higher. >> we're going to have more coming up. i would think. especially now everybody is hot for dividend players at the moment. looking for income and yields. seema will have more coming up. >>> meantime, home builder stocks down today but on a tear for the year as the national association of home builders index out this morning hit a six-year high. >> our housing guru has the low down on the huge upside surprise live from washington. >> thanks, michelle. it's all about home builder confidence. not in the positive yet, but it's at a 40 on the national home builders association index. now, moving forward, take a look at the three components of the index. all were up,
we'll bring you the very latest from the windy city. >>> and cliff notes. the house ways and means committee tackles the fiscal cliff. can anything be resolved before election day? that's all coming up on the "closing bell." >>> big news out of a widely held stock. microsoft increasing its def dend by 15%. >> i guess is it not trading in the after hours? i would think that would push the stock higher. >> we're going to have more coming up. i would think....
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Sep 25, 2012
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they voted for giuliani and look at how the city has changed. it has always been a disaster. and you feel that is the issue right now among the major media? >> i mean they should be guilty because they are democrats and the history of civil rights are black people and republicans fighting democrats. >> can we stop there? yoo my limited history is that it is the republican party going back to reconstruction that tried to lead the way for black representation in congress and later on the clock turns. >> for five minutes. >> and then it is the 60s and the the 70s with the crazy southern democrats. >> it is so awful. they pass the 14th and 15th amendment and throughout the 20s and 30s and 40s. every republican platform included calls for anti-lynching ledgislation which was consistently blocked by the democrats. right after brown versus the board of education, they ran a segregationist on their ticket. and who pushes through the civil rights laws, all the way through until finally in the mid '60s. lbj switches to opposing the civil rights laws. and they cared about the blacks for
they voted for giuliani and look at how the city has changed. it has always been a disaster. and you feel that is the issue right now among the major media? >> i mean they should be guilty because they are democrats and the history of civil rights are black people and republicans fighting democrats. >> can we stop there? yoo my limited history is that it is the republican party going back to reconstruction that tried to lead the way for black representation in congress and later on...
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Sep 12, 2012
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consulate in the city of benghazi. we've been told by libyan officials now confirmed by the president and others that the u.s. ambassador was in the consulate at the time, along with three other americans when it was attacked. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats. i've also directed my administration to increase our security at diplomatic posts around the world. and make no mistake, we will work with the libyan government to bring to justice the killers who attacked our people. >> reporter: according to the doctor who treated the u.s. ambassador, he died of smoke inhalation. >> nbc's richard engel reporting from cairo. what do these attacks mean to the oil market? joining us, vice president of middle eastern and south asian affai affairs. thank you for being with us. if you can't see a rally in the price of oil in an almost unprecedented situation like this where you've basically got an oil producing
consulate in the city of benghazi. we've been told by libyan officials now confirmed by the president and others that the u.s. ambassador was in the consulate at the time, along with three other americans when it was attacked. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats. i've also directed my administration to increase our security at diplomatic posts around the world. and make...
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Sep 5, 2012
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here's the economic drill down on the nation's 19th largest city. in just the past decade, nearly 7,000 firms have invested more than $12 billion in to the queen city thanks to its stronghold of finance, transportation and distribution. with a population of 772,000, metro charlotte currently has an unemployment rate of 9.8% and an average household income of a little more than $54,000 a year. it's also the nation's second largest banking center outside of new york with $2.3 trillion in assets and home to 9 fortune 500 companies. some of the city's top employers include wells fargo, bank of america merrill lynch and walmart. duke energy is there, as well as is food lion, at&t, lowe's and u.s. airways. and speaking of charlotte, tonight president clinton takes center stage. comeback of sorts. john harwood is there live. he's a persuasive and charismatic speaker. >> reporter: especially on the economy, sue, which is why your economic data in the intro is so appropriate. last night we heard from the san antonio mayor and michele obama in motivational te
here's the economic drill down on the nation's 19th largest city. in just the past decade, nearly 7,000 firms have invested more than $12 billion in to the queen city thanks to its stronghold of finance, transportation and distribution. with a population of 772,000, metro charlotte currently has an unemployment rate of 9.8% and an average household income of a little more than $54,000 a year. it's also the nation's second largest banking center outside of new york with $2.3 trillion in assets...
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Sep 3, 2012
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the state of pennsylvania had to rescue the city of harrisburg, its capitol, from defaulting on hundreds of millions of dollars in debt for an incinerator project. >> there's not a doubt in my mind that you will see a spate of municipal bond defaults. >> how many is a spate? >> you could see 50 sizable defaults, 50 to 100 sizeable defaults--more. this will amount to hundreds of billions of dollars worth of defaults. >> municipal bonds have long been considered to be among the safest investments, bought by small investors saving for retirement and held in huge numbers by big banks. even a few defaults could affect the entire market. right now, the big bond rating agencies like standard & poor's and moody's, who got everything wrong in the housing collapse, say there's no cause for concern, but meredith whitney doesn't believe it. >> when individual investors look to people that are supposed to know better, they're patted on the head and told, "it's not something you need to worry about," when it'll be something to worry about within the next 12 months. >> 12 months. >> 12 months. >> since
the state of pennsylvania had to rescue the city of harrisburg, its capitol, from defaulting on hundreds of millions of dollars in debt for an incinerator project. >> there's not a doubt in my mind that you will see a spate of municipal bond defaults. >> how many is a spate? >> you could see 50 sizable defaults, 50 to 100 sizeable defaults--more. this will amount to hundreds of billions of dollars worth of defaults. >> municipal bonds have long been considered to be...
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Sep 12, 2012
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they're bankrupting the whole city. we have richard allenberg, senior fellow of the foundation and michael petrilli from the thomas b. institute. you're my liberal. barack obama is my liberal tonight. he wants performance reform, so does arne duncan, why are all your left wing teacher union friends in chicago bucking their guy from chicago, obama, who actually, and i'm going say it, got this story right? >> well, i think they're reacting because obama's been spending a little too much time with the hedge fund managers and not with the teachers who are in the classroom every day. teachers want to have accountability. that's not the question. the question is are we going to have a fair system accountability? in places like montgomery county maryland, they have a great system where they go into the classroom and evaluate their peers and they recommend a lot of their peers get fired if they're not up to the job. why shouldn't they get fired? if i'm not up to my job i'm going get fired. if you're not up to your job you're go
they're bankrupting the whole city. we have richard allenberg, senior fellow of the foundation and michael petrilli from the thomas b. institute. you're my liberal. barack obama is my liberal tonight. he wants performance reform, so does arne duncan, why are all your left wing teacher union friends in chicago bucking their guy from chicago, obama, who actually, and i'm going say it, got this story right? >> well, i think they're reacting because obama's been spending a little too much...
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Sep 5, 2012
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he is now the banking chairman for citi group. so president clinton got a lot accomplished in his second term as he moved toward the center. do you think president obama will have to move to the center to reach that kind of achievement? >> i think what's going to happen is probably early next year, not late, next year, you will have a big fiscal deal that gets cut. with a republican house in that scenario, a direct president, it will be a centrist deal, and it has to happen because we have constraints that need to be lifted, and both sides know that. it's a little rocky before we get there but we will get there. >> so what do you think the deal looks like for the fist kal cliff, tax cuts, and spending programs. >> i think we'll still go over the cliff, and a deal gets cut in early jan. -- january. in which you kbun a more progrepr -- combine a tax cut. i think it's doable and a likely scenario. >> the congressional budget off is saying we'll see a recession in 2013 because this stuff is not being addressed. >> they're saying if yo
he is now the banking chairman for citi group. so president clinton got a lot accomplished in his second term as he moved toward the center. do you think president obama will have to move to the center to reach that kind of achievement? >> i think what's going to happen is probably early next year, not late, next year, you will have a big fiscal deal that gets cut. with a republican house in that scenario, a direct president, it will be a centrist deal, and it has to happen because we...
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Sep 17, 2012
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nbc's rehema is in the windy city with the latest developments. >> chicago city teachers -- city lawyers went into court this morning seeking an injunction to force those teachers back into the classroom with that injunction. out on the picket line today, some teachers were saying they themselves were surprised they're not back to work and the deal's not yet done. take a listen. >> it's hard for us to show up here again on the picture line. but like i said, i think as many of us are remembering what it is that we're doing this for and how far we've already come, that we'll stand strong. >> we're still waiting for word from the court as to when the judge might hold a hearing on this injunction request. initially we're hearing the judge said it might be wednesday but that could be a little problematic. here's why. the teachers representatives say they will start talking again tomorrow, tuesday. they hope they get agreement on this contract proposal. if so, they may be willing to go back into the classroom themselves on wednesday without a court order. mar maria? >> thanks so much. >>> forg
nbc's rehema is in the windy city with the latest developments. >> chicago city teachers -- city lawyers went into court this morning seeking an injunction to force those teachers back into the classroom with that injunction. out on the picket line today, some teachers were saying they themselves were surprised they're not back to work and the deal's not yet done. take a listen. >> it's hard for us to show up here again on the picture line. but like i said, i think as many of us are...
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Sep 25, 2012
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when that kind of stuff happens in new york city you take the subway. all right, thank you, simon. >>> former fdic shelia bair's new book offers some striking, very candid commentary about the people running the nation's top banks during the financial crisis, plus some choice words about treasury secretary tim geithner. the book called "bull by the horns, fighting to save main street from wall street and wall street from itself." chairman bair, thank you for joining us. congratulations on the book. >> thank you. >> pleasure to have you with us. i think choice words, to a certain extent is putting it rather kindly. you take on tim geithner throughout this entire book for his role, not only in the 2008 financial crisis when he was treasury secretary but before that, when he was at the new york fed. >> well, i do think there was a fundamental clash of philosophies throughout the crisis. i think he viewed the problem through the prism of the large financial institutions, particularly citigroup and his world view was if you help him out of his troubles, you
when that kind of stuff happens in new york city you take the subway. all right, thank you, simon. >>> former fdic shelia bair's new book offers some striking, very candid commentary about the people running the nation's top banks during the financial crisis, plus some choice words about treasury secretary tim geithner. the book called "bull by the horns, fighting to save main street from wall street and wall street from itself." chairman bair, thank you for joining us....
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Sep 6, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> all eyes on the all-important jobs number tomorrow. 30 seconds tonight on the clock. our next guests tell us what else they think will move the markets tomorrow. brian, we begin with you. 30 seconds on the clock, what you're watching tomorrow. >> well, obviously the jobs numbers, the big news, especially with the fomc decision coming up next week. watching it closely. there's a big deviation from consensus, it could nudge the fed in one direction or another. this could be a case where in the short term good news is bad news for the markets and bad news is good news in terms of the likelihood of additional easing and the market is looking for a little there. watching that closely tomorrow. >> all right.
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> all eyes on the all-important jobs number tomorrow. 30 seconds tonight on the clock. our next guests tell us...
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Sep 20, 2012
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and when you look admit's history in terms of saving and turning around the salt lake city games, if you look at what he did in terms of forming bain capital, it's not just a plan that's reformed. everybody says what's your plan, and he haslem a very detailed p. the fact is, he has the detailed plan that really reflects a philosophy, but more importantly, he has the ability to bring the people together and all the right people to help analyze the problem. >> but you believe, and we video is same fiscal problems in 2008, you didn't think obama had that leadership skill. >> i would probably like to move off of '08 for obvious reasons. there's buyer's remorse. >> do you think romney's going to win? >> i think it's a 50/50 poll right now. look, mitt has been hit with the kind of caricature that the obama people have done that distorts who he is. i have seen who he is. if people had watched the convention, they would see some of the things that was not covered by the media that tells a lot about the guy. >>> coming up next, is president obama responsibility for the mitt east simid east bl
and when you look admit's history in terms of saving and turning around the salt lake city games, if you look at what he did in terms of forming bain capital, it's not just a plan that's reformed. everybody says what's your plan, and he haslem a very detailed p. the fact is, he has the detailed plan that really reflects a philosophy, but more importantly, he has the ability to bring the people together and all the right people to help analyze the problem. >> but you believe, and we video...
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Sep 14, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of mi
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a...
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Sep 26, 2012
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back to the "kudlow report." so the producers behind the wildly successful political documentary "2016: obama's america," they say slime ball tactics from the left are keeping potential audiences out of the theaters and away from the film. all of this after the film maker spent the weekend defending their film from piracy and false rumors it would air for free on tv. so let's talk here now with keith boykin, former clinton white house aid and president of the kings college and the film maker and author behind "2016: obama's america." danesh, people are trying to stop the movie and putting it for free on youtube. why are t
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back to the...
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Sep 10, 2012
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that has to be part of the solution here in the city. he's threading the needle holding the line against the teachers especially on issues like accountability, giving principals more ownership in terms of removing those teachers who are not performing, having teache erers make the grade in s of student test scores and that's tough to do in this day and age. the issue is less about money and more about accountability. rahm emanuel is trying to hold the teachers to a strict line there. >> do you have a sense, phil, as to how long this strike will be able to continue before parents draw the line in the sand? >> only a few days. you can already see it. there is a palpable feeling in this city from a lot of parents who are fed up with the mayor, but also fed up with the teachers. they're looking at this and saying, come on, really? you can't come to an agreement? you've known for some time when school was supposed to start. you should have come to an agreement by now. i think after a couple of days both sides will really feel the heat that th
that has to be part of the solution here in the city. he's threading the needle holding the line against the teachers especially on issues like accountability, giving principals more ownership in terms of removing those teachers who are not performing, having teache erers make the grade in s of student test scores and that's tough to do in this day and age. the issue is less about money and more about accountability. rahm emanuel is trying to hold the teachers to a strict line there. >>...
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Sep 11, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> welcome back to ""power lunc lunch"" i'm kayla tausche with comments from jamie dimon at the barically's services conference, the first comments following his congressional testimony over the london well. he moved first to address the critics of big banks at the size they are now, saying breaking up a bank for near-term investors concerns is "no way to run a business" and actually noting that jpmorgan has performed better than it would have if it were broken up. die mon also going on to highlight the client efficiencies that come from having all those business lines together, especially where treasury services, capital markets, lending and investment banking are concerned. he then moved on to take the u
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> welcome back to ""power lunc lunch"" i'm kayla tausche with comments from jamie dimon at...
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Sep 19, 2012
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the city was trying to push that up to 50%. some of the teachers were saying look at the population we're working with. many of these children, more than 85% of them are low income and require or rely on breakfast and lunch to get their basic nutrition each day. that says many of these children are coming in to school hungry. so when they're testing under those kind of conditions where they're hungry and coming from unstable environments, makes it very difficult, the teachers say, to link their evaluation to the students' performance and test scores. seems like both sides got some of what they want. thankfully they are not, they are back in the classroom today, becky. >> and that is good news. thank you very much for joining us today. >> you bet. >>> when we return on "squawk box," governor bob mcdonnell on the mitt romney video, the president's appearance on david letterman last night, and what we can expect from the presidential debate. >>> right now as we head to a break, though, take a look at gold prices this morning. touc
the city was trying to push that up to 50%. some of the teachers were saying look at the population we're working with. many of these children, more than 85% of them are low income and require or rely on breakfast and lunch to get their basic nutrition each day. that says many of these children are coming in to school hungry. so when they're testing under those kind of conditions where they're hungry and coming from unstable environments, makes it very difficult, the teachers say, to link their...
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Sep 6, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana m
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's...
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Sep 24, 2012
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. >>> and it's more troubles for foxconn, the company has been forced to close its factory in the city of taiwan in northern china. a dispute escalated in to a massive brawl involving 2,000 people late sunday. 40 were injured and a number of workers arrested. joining us on the phone is an analyst. alberto, good afternoon. first of all, what do we know about what's happened at the plant? >> a number of people were arrested, a number of people injured. there were 2,000 people involved in the brawl. it looks like from the news reports that i've been seeing that that's 2,000 people out of about 80 thou,000 people that w there. foxconn is the parent company that owns the factory down i think 1% here in hong kong which means -- i mean in taiwan which means that overall the market doesn't think it's that big of a deal. so sounds like i would have expected a much higher impact on the stock if it had been a material event. it doesn't sound like it is. what they do in the factory, they make the back covers for the iphone 5. so the actual component that goes into th assembly. >> we're getting rep
. >>> and it's more troubles for foxconn, the company has been forced to close its factory in the city of taiwan in northern china. a dispute escalated in to a massive brawl involving 2,000 people late sunday. 40 were injured and a number of workers arrested. joining us on the phone is an analyst. alberto, good afternoon. first of all, what do we know about what's happened at the plant? >> a number of people were arrested, a number of people injured. there were 2,000 people...
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Sep 24, 2012
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citi has an underperform saying the traders are building at a 60% premium and everyone is chasing them. no question now the builder stocks are on a tear. on average shares of the home builder have trip will, tripled since the 2009 trompt the concern though is that this exuberance is because we see big percentage jumps in new orders, but we forget just how far we fell. we are still well below the historical average on housing starts. ty? >> diana, thanks very much. now to the politics of the fiscal cliff. that set of tax increases and spending cuts looming at end of the year. while a headline-grabbing survey last week said the cliff is a big worry for investors, for the political parties there may actually be something to gain by going over it. eamon jafers is here with an explanation. >> when they designed the fiscal cliff last year, lawmakers here in washington design it had to be so awful and terrible and bad that nobody in their right mind would want to go over it. well, it won't surprise you, or maybe it will, to learn that here in washington some folks are reconsidering that and t
citi has an underperform saying the traders are building at a 60% premium and everyone is chasing them. no question now the builder stocks are on a tear. on average shares of the home builder have trip will, tripled since the 2009 trompt the concern though is that this exuberance is because we see big percentage jumps in new orders, but we forget just how far we fell. we are still well below the historical average on housing starts. ty? >> diana, thanks very much. now to the politics of...
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Sep 27, 2012
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every day we burn off enough natural gas to handle the daily needs of several major cities. with that i recognize that, well, halliburton couldn't and can't have breakout earnings until enough of business has switched over to oily fields which drew me to offshore oil because that's where the action is going to be for many years to come. in this place two true plays, transocean and ensco. transocean look the really good but the fleet was aging and balance sheet stressed by bp spill. i read a great article in "new york times" reading they had more to do with the spill than bp. ensco, much newer fleet of rigs, less maintenance, broader customer base, exxon and chevron, not bp. contract prices on the upswing and they got a tremendous deal. they say they stole pride international. another drilling concern. i said not only would ensco blow away numbers, but it had a multiple year earnings path as clients won't cancel deep water rigs because the oil pricings plummeted for a couple days. what happens? terrific quarter, oil goes up and ensco rallies around 14 points. i know it becaus
every day we burn off enough natural gas to handle the daily needs of several major cities. with that i recognize that, well, halliburton couldn't and can't have breakout earnings until enough of business has switched over to oily fields which drew me to offshore oil because that's where the action is going to be for many years to come. in this place two true plays, transocean and ensco. transocean look the really good but the fleet was aging and balance sheet stressed by bp spill. i read a...
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Sep 5, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> new figures out tonight show that the majority of the ultra wealthy plan to buy more stocks in the next 12 months. that's good news. what might surprise you is where else they are investing. robert frank joins us now with the details. good evening. >> thanks, larry. also where else they are spending. a new study looks at the rich and it shows they aren't living as large as many politicians, the democrats, would have us believe. they looked at people worth $25 million or more. it showed more than a third of spending was on travel, a third spend 25,000 or more on home improvement. they didn't buy a lot of bling. most of the ultra rich spent less than $10,000 a year on clothing and jewelry. nearly half spe
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> new figures out tonight show that the majority of the ultra wealthy plan to buy more stocks in the next 12...
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Sep 26, 2012
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we burn off enough natural gas to handle the daily power needs of not one, but several major cities. something to think about. with that i recognized that haliburton couldn't and won't have breakout earnings until it's switched over to more oily fields. that gave me the idea of offshore oil plays. and in this space, there are really only two pure plays, transocean and endsco. it looked really good on paper. but rigs fleet was aging and the distressed by the bp spill. i remember reading an article stating that transocean had more to do with the tragedy than bp did. i've always feared the open-ended liability. endsco had all of the good with none of the bad. had a broader customerization including chevron. and taking shares from transocean left and right. contract prices were on the upswing, plus the company got a good deal, someone said it stole pride international. i said not only would ensco blow away numbers when reported, but it had a multiple year, multiple year earnings path as clients won't cancel the deep water rigs because it plummeted for a couple of days. the company report
we burn off enough natural gas to handle the daily power needs of not one, but several major cities. something to think about. with that i recognized that haliburton couldn't and won't have breakout earnings until it's switched over to more oily fields. that gave me the idea of offshore oil plays. and in this space, there are really only two pure plays, transocean and endsco. it looked really good on paper. but rigs fleet was aging and the distressed by the bp spill. i remember reading an...
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the city of chicago and the state of illinois! >> no, you're right, and central bankers only want you to read part of their report card. you heard bernanke a few weeks ago -- >> exactly. >> defending his policy. but his book is not written until his policy is reversed. on one side he says, yes, the policies have boosted the stock markets, that drives growth, but what happens when they reverse it and the stock market goes down? is he going to say those 2 million jobs lost were on my watch? no, he'll probably blame somebody else. so central bank activity just temporarily covers up the underlying disease rather than dealing with that disease. >> well, you know, to me, another way to look at this and i want your comments is that they joined our plan. and our plan is instead of having a depression-like event that would be ugly and maybe it last a year or two, stretch it out over a long period of time till you diminish the impact of the explosion and spread it out over ten, 15 years, isn't that really what's going on? >> right. a la jap
the city of chicago and the state of illinois! >> no, you're right, and central bankers only want you to read part of their report card. you heard bernanke a few weeks ago -- >> exactly. >> defending his policy. but his book is not written until his policy is reversed. on one side he says, yes, the policies have boosted the stock markets, that drives growth, but what happens when they reverse it and the stock market goes down? is he going to say those 2 million jobs lost were...
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in the new york city school system. they're de minimis the number of teachers that you can actually hold accountable, the ones not up to performance. >> sure. i think there's a lot of changes going on in teacher evaluations and so-called tenure and seniority. and those are all decisions being made at the local school district level and it takes both sides. so my coalition has both school board, school administrator, teachers. i won't favor one side or the other. but all these things are negotiated between the school board and school administrators and the local teachers. >> every argument, rick, that we have and we talk about what do we do with these structural unemployment problems. and the income disparity, how do we make it equal opportunity for everyone to succeed in this great country. and it all boils down to education. it always comes back to that. and do we need to give more money, do we need to reform the system. . not too many businesses that just have no competition to keep them honest other than the public s
in the new york city school system. they're de minimis the number of teachers that you can actually hold accountable, the ones not up to performance. >> sure. i think there's a lot of changes going on in teacher evaluations and so-called tenure and seniority. and those are all decisions being made at the local school district level and it takes both sides. so my coalition has both school board, school administrator, teachers. i won't favor one side or the other. but all these things are...
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Sep 21, 2012
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strength and the political cohesion to deal with the consequences of that slower growth. we just saw that this past week with very significant strikes and protests that paralyze cities across the country. >> fascinating topic. we'll continue to watch it, as we say, around the world. reva, thank you. >>> coming up on the show, the results are in. >> stay tuned to find out who you, the viewers, thought had the biggest ego trip of the week. >> bags packed? yeah. tank filled up. check. who took off on the biggest ego trip this week? stay tuned for the big reveal. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop mor
strength and the political cohesion to deal with the consequences of that slower growth. we just saw that this past week with very significant strikes and protests that paralyze cities across the country. >> fascinating topic. we'll continue to watch it, as we say, around the world. reva, thank you. >>> coming up on the show, the results are in. >> stay tuned to find out who you, the viewers, thought had the biggest ego trip of the week. >> bags packed? yeah. tank...
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Sep 7, 2012
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of the fiscal issues, tie. >> right, sue. all right. we'll continue, of course, to watch governor romney and his remarks. >> indeed. >> this hour out in orange city, iowa. the president up in new hampshire earlier this hour. sue? >> all right. we'll take a break and then you'll analyze the analyst. we have calls on priceline, nvidia and a stock that's been getting a lot of attention. we'll tell you about this in a minute and check this out. if you invested $100 in morgan stanley four years ago, you would have 40 bucks today. yikes. will you be better off four years from now? we'll tell you what four stocks to be investing in for next four years coming up on "power lunch." and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 wh
of the fiscal issues, tie. >> right, sue. all right. we'll continue, of course, to watch governor romney and his remarks. >> indeed. >> this hour out in orange city, iowa. the president up in new hampshire earlier this hour. sue? >> all right. we'll take a break and then you'll analyze the analyst. we have calls on priceline, nvidia and a stock that's been getting a lot of attention. we'll tell you about this in a minute and check this out. if you invested $100 in morgan...
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i like the top two but i think the broad swap we realize this whole sector has moved up. >> with citi basically on the downside by 1% today. but the stocks have performed quite nicely year to date. >>> let's move on and talk a little bit about credit suisse upgrading limited brands to outperform from neutral on "increasing conviction in limited brands' ability to sustain mid to high single digit comps at victoria's secret." why are we not surprised. limited brands up 2.66% today. credit suisse also making a call on coach downgrading that company this afternoon to neutral from outperform on increasing concerns about competition. that stock is off just under a percent. >> i agree with the limited brand, victoria's secret. i fear the viewer backlashfy don't agree with that. the coach situation, i find it interesting. if we are buying into this central bank support, think they're going to be okay. they're flat on the year. coach, i don't agree. i think there is some room in the up side. >> they've launched a men's store concept that's doing very well for them. thank you, jeff. >>> simon,
i like the top two but i think the broad swap we realize this whole sector has moved up. >> with citi basically on the downside by 1% today. but the stocks have performed quite nicely year to date. >>> let's move on and talk a little bit about credit suisse upgrading limited brands to outperform from neutral on "increasing conviction in limited brands' ability to sustain mid to high single digit comps at victoria's secret." why are we not surprised. limited brands up...
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in the risk of citi? >> so they already had it? >> they already had it. >> boy, he's hard to -- you weren't going to be able to make your point with him. but your point is there's a perception that small business is not hiring and really can't get the credit it needs from the financial system to hire for some reason. you think it has to do with overregulation? or is it just the hangover from the crisis? bill, you weigh in. >> i think there was a time when credit was not available, just after. but i don't think that's the -- >> it's available. >> what's the problem now? >> well, the lack -- the companies who need the money, banks don't want to lend to. and the people who don't need the money are not investing because they have no confidence. >> no confidence in what? >> in the economy and the future. let's just look, again, small business has been the engine of growth in this country forever. and we have more small business customers, i talk to them all the time. here's what they say. i am so scared of the
in the risk of citi? >> so they already had it? >> they already had it. >> boy, he's hard to -- you weren't going to be able to make your point with him. but your point is there's a perception that small business is not hiring and really can't get the credit it needs from the financial system to hire for some reason. you think it has to do with overregulation? or is it just the hangover from the crisis? bill, you weigh in. >> i think there was a time when credit was not...
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Sep 21, 2012
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little shout out to the quad cities. i think united health care is a great addition. i think it is really going to help investors get o know the companies so we shall see the stock price move up. >> it also definitely helps the dow better reflect the broader economy which is always good. >> indeed it is. gentlemen, thank you very much. >>> sue herera, in the next hour of cnbc, why you may want to kick it old school when it comes to investing in social media and media stocks. oh, yes, street signs stylin' next. ♪ [ male announcer ] the first look...is only the beginning. ♪ ♪ introducing a stunning work of technology. ♪ introducing the entirely new lexus es. and the first ever es hybrid. this is the pursuit of perfection. and the first ever es hybrid. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's lik
little shout out to the quad cities. i think united health care is a great addition. i think it is really going to help investors get o know the companies so we shall see the stock price move up. >> it also definitely helps the dow better reflect the broader economy which is always good. >> indeed it is. gentlemen, thank you very much. >>> sue herera, in the next hour of cnbc, why you may want to kick it old school when it comes to investing in social media and media...
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Sep 13, 2012
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i think it involves the city we're in. >> it does indeed. a new development in a story that has drawn intense public interest. new york city has voted in favor of that ban of sugary soft drinks above the 16-understand size. eight in favor, one an extension in the vote. the mayor's office tweeting the results of that. it goes into effect in six months. the ban would take place in restaurants, movie theaters, and some other places as well. and, carl, as you know, given what mcdonald's said yesterday with its own calorie information it comes as the nation seems to be more focused than ever on the issue of obesity. hard to tell if this is the final say in all of this. there is the group called new yorkers for beverage choices. maybe they're considering a lawsuit for all of this, but at least now a big victory for mayor bloomberg. again, the ban will go into effect on some sugary drinks in six months, carl. >> scott wapner, thank you so much. when we come back the man who test drove the google glasses tell s us what they're really like. can it co
i think it involves the city we're in. >> it does indeed. a new development in a story that has drawn intense public interest. new york city has voted in favor of that ban of sugary soft drinks above the 16-understand size. eight in favor, one an extension in the vote. the mayor's office tweeting the results of that. it goes into effect in six months. the ban would take place in restaurants, movie theaters, and some other places as well. and, carl, as you know, given what mcdonald's said...
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Sep 14, 2012
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now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for itself. the next fashionista on our catwalk, it's gap. ♪ ♪ gucci, fendi >> phenomenal. how about nordstrom's. fourth, we've got urban outfitters. ♪ and our final fashionista, lululemon. ♪ [ laughter ] >> loved it, right? loved it. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. this country was built by working people. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction,
now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for itself. the next fashionista on our catwalk, it's gap. ♪ ♪ gucci, fendi >> phenomenal. how about nordstrom's. fourth, we've got urban outfitters. ♪ and our final fashionista, lululemon. ♪ [ laughter ] >> loved it, right? loved it. like in...
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Sep 11, 2012
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it's fashion week in new york city. with so many concerns about the economy, how are the companies under the tents performing versus this time a year ago? courtney reagan joins us now at a look at who investors should be watching. >> hi, maria. you know fashion week is of course hinged to growth in the high end. burberry's profit warnings today did show some names lower. but not everyone is concerned. morgan stanley reiterating its shares of coach. potentially creating opportunities to better compete with michael cores. >> michael has an incredible connection to his consumer. he really understands what his consumer wants and what a woman can wear. so when you see michael's runway shows, they're very easily translatable into fashion that every woman can wear, which is what's made him so incredibly successful. same is true of ralph lauren, tommy hilfiger, and calvin klein. >> fifth and pacific has returned 57% to investors. that's a stark turn around year over year. lvmh shares also turning around sharply. tiffany and bur
it's fashion week in new york city. with so many concerns about the economy, how are the companies under the tents performing versus this time a year ago? courtney reagan joins us now at a look at who investors should be watching. >> hi, maria. you know fashion week is of course hinged to growth in the high end. burberry's profit warnings today did show some names lower. but not everyone is concerned. morgan stanley reiterating its shares of coach. potentially creating opportunities to...
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Sep 15, 2012
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now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for itself. the next fashionista on our catwalk, it's gap. ♪ ♪ gucci, fendi >> phenomenal. how about nordstrom's. fourth, we've got urban outfitters. ♪ and our final fashionista, lululemon. ♪ [ laughter ] >> loved it, right? loved it. >>> back to school season is very much upon us. that means before we answer your tweets and e-mails, you got to do some homework. so let's get at it. here is what i am handing in a little late. we took some time off. it's august 15th. todd from north carolina asked about us stonemor partners, stom. there are only two things certain in this country, death and taxes and stonemor is available in both. everything from burials, caskets, crypts, vaults. the unique thing about stonemor is the only death company structured as a mastered limited partnership. so its distributions have favored tax status. when you see a yield th
now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for itself. the next fashionista on our catwalk, it's gap. ♪ ♪ gucci, fendi >> phenomenal. how about nordstrom's. fourth, we've got urban outfitters. ♪ and our final fashionista, lululemon. ♪ [ laughter ] >> loved it, right? loved it....
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Sep 18, 2012
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if indeed there is not a resolution to the strike this afternoon, the city will be going before a hearing before a judge tomorrow morning, again, seeking is an injunction that would force the teachers back into the classroom. there are a lot of people, particularly parents, who are hoping it won't come to that, because they would like to see a resolution to this strike today to get more than 350,000 students in the chicago public schools back into the classrooms. >> reema, thank you very much for that. reema ellis with the latest from chicago. thank you. >>> rapid drop in oil prices leaving more questions than answers in its wake and shaking confidence in the markets. good to speak to you both. trey, i want to get your interpretation of what happened yesterday given the decline was sustained yesterday throughout the session into the electronic session and into today's session as well. >> well, there's obviously a lot of speculation among the trading community as to what caused this, but one particular -- while we're going to play the blame gram for a little while, one idea is in the elect
if indeed there is not a resolution to the strike this afternoon, the city will be going before a hearing before a judge tomorrow morning, again, seeking is an injunction that would force the teachers back into the classroom. there are a lot of people, particularly parents, who are hoping it won't come to that, because they would like to see a resolution to this strike today to get more than 350,000 students in the chicago public schools back into the classrooms. >> reema, thank you very...
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Sep 25, 2012
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foot city 100 down a quarter of a% yesterday. right now up ten points. flat for the xetra dax. down six for the cac 40. ibex up a third of 1%. we'll show you where we stand with bonds. treasury yields have got back to levels we were before the qe fed. 1.7% is where we stand. italian yield slightly higher, but more or less where we were yesterday. ten year spanish yields a little bit higher again. remember euro-dollar going down towards 1.29. still pretty much on that level. so haven't moved a lot in the last 24 hours. aussie dollar still on a 1.04 tack. and sterling-dollar still trading 1.62, pretty close to the year highs for that particular mark. so steady day right now here in europe. let's get a recap of the asian session. >> yet another lackluster day of trade for asian bourses as concerns about global growth continued to weigh on sentiment. banks were under pressure as rates climbed to a seven month high, but developers and alcohol producers bucked the trend. the yuan gained strength against greenback but oil companies tapered off but pulling back a little at the moment.
foot city 100 down a quarter of a% yesterday. right now up ten points. flat for the xetra dax. down six for the cac 40. ibex up a third of 1%. we'll show you where we stand with bonds. treasury yields have got back to levels we were before the qe fed. 1.7% is where we stand. italian yield slightly higher, but more or less where we were yesterday. ten year spanish yields a little bit higher again. remember euro-dollar going down towards 1.29. still pretty much on that level. so haven't moved a...
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Sep 17, 2012
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their priority was to stop the outrage and stop them before they reached the capital of the city and the u.s. embassy itself but the embassy was protected, afghan police officers in riot gear were trying to protect t embassy and they succeeded. the crowd did not make it that far but today was the first day of violence that we saw here. we have seen protests in the last few days but they all ended peacefully up until today, but it's been a violent weekend otherwise in afghanistan, not just because of the movie but taliban attacks and inside ear tacks when afghan forces turn on their coalition counterparts. four americans were killed yesterday by afghan police officers and two british soldiers were killed on saturday also by afghan police officers. the nato forces here including the americans have a lot to worry about, more than just the anti-islamic movie that has outraged so much of the world. >> thank you for that report. >>> comments, questions about anything you see here on "squawk," shoot us an e-mail squawk@cnbc.com is the address and follow us on twitter twitter, @squawkcnbc is
their priority was to stop the outrage and stop them before they reached the capital of the city and the u.s. embassy itself but the embassy was protected, afghan police officers in riot gear were trying to protect t embassy and they succeeded. the crowd did not make it that far but today was the first day of violence that we saw here. we have seen protests in the last few days but they all ended peacefully up until today, but it's been a violent weekend otherwise in afghanistan, not just...